I'm 7 months into my IVA and so far have nothing but good things to say.
I have received a payrise at work but this will be offset due to childcare payments.
My Question is: my original debt was for £9000 but due to my IVA the figured owed is now £6000 if I was to pay off my creditors while in an IVA i.e. I owe £160 overdraft and £900 to very so if I paid off the overdraft and a chunk towards very, would this affect my IVA positively as in would I owe less?
Unless you had assets you would have been better doing a DRO or bankrupty. Do you still have debts not included in your IVA?
Sharing from experiences of dealing with debt
The greatness of a man is not in how much wealth he acquires, but in his integrity and his ability to affect those around him positively.
Bob Marley. http://kallis3.blogs.iva.co.uk